About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Reuters Offers Bear Stearns CDS Prices Alongside Composite

Subscribe to our newsletter

Reuters has teamed with Bear Stearns Pricing Direct (PricingDirect) to provide its customers with credit default swaps and interest rate swaps prices from PricingDirect, alongside its own composite. For Bear Stearns Pricing Direct, this is an opportunity to tap into a significant distribution network, especially outside the US.

According to Bob Rose, senior managing director, Bear Stearns Pricing Direct, “the partnership is off and running”, with a number of coverage and quality evaluation tests already under way. Michele Kelsey, product business owner – DataScope Pricing and Reference – confirms “the activity is already proceeding better than planned”.

Increasingly, regulatory requirements are mandating the use of multiple price sources from a choice of providers for pricing and fund valuation, says Kevin Bradshaw, global head of Enterprise Information, Reuters. “Bear Stearns is seen as best in class for particular parts of the CDS market, and now our clients have the option to source Bear Stearns prices and ours via one source. In the future we will look to build this capability out by adding our own prices and those from further partners,” he says.
Forging such partnerships is not merely a function of high quality prices, he adds. “One of the challenges with adding partners, quite aside from ensuring the quality of pricing, is their readiness to support customers in a production environment. Bear Stearns runs this as a pricing service in its own right, and therefore has both the fixed income capability and the production team. In other instances, the quality of pricing might be high, but the provider is not geared up to operating as a pricing vendor.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Are you making the most of the business-critical structured data stored in your mainframes?

Fewer than 30% of companies think that they can fully tap into their mainframe data even though complete, accurate and real-time data is key to business decision-making, compliance, modernisation and innovation. For many in financial markets, integrating data across the enterprise and making it available and actionable to everyone who needs it is extremely difficult....

BLOG

Anthropic’s Financial Industry Claude Iteration Aimed at Easing AI Adoption

Large language model (LLM) builder Anthropic may have the solution to assuaging financial institutions’ doubts about generative artificial intelligence deployment in their analytics and decision-making workflows, having created a model that has been designed specifically for the industry. Claude for Financial Services, part of the San Francisco-based company’s Claude for Enterprise suite, comprises capabilities that...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...